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stop pension
peediedj
Posts: 1,267 Forumite
been paying £23 per month ona pension since i was 17(iam 40 now)if i was to stop it,would i get all the money back???
Live in my shoes for a week,then tell me your lifes hard!
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Comments
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You cannot get any money out of a pension until you are 55 and even then only 25% in cash, the rest must provide and income.
If you only have a very small pension(s) worth less than 16,500, you can get all the money out in cash when you're 60.Trying to keep it simple...
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£23pm is barely worth the effort though. Not bad 23 years ago but then look what £23 bought you back then. You should have kept it up with inflation.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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